Indian real estate sector witnessed nearly 20% decline in sales in seven major cities. However, the prices have been stable as new supply declined by 34% as compared to the same period last year.

Indian real estate sector has been witnessing decline over last few years. However, the latest report suggests that 20% decline in housing sales have been offset by 34% decline in new launches.

Amravati is among the youngest capital cities in South India and the state government has ambitious plans for the city.

Amravati real estate market witnessed initial euphoria but the prices have declined in many segments in the recent months as the government projects for the capital have been delayed.

In the affordable housing segment with prices under Rs 40 lakh, the average flat size has reduced nearly 27 percent in the last five years.

Indian real estate sector has witnessed decline in sales and prices have remained stagnant over the last few years.